CLADIX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CLADIX
Largest movements
- Cash +€10,909
up €10,909 (+76.3%), from €14,288 to €25,197
mainly Other debts (+€71,106) and Depreciation (+€13,058)
- Other debts +€71,106
up €71,106 (+247.6%), from €28,718 to €99,824
- Trade debts -€34,797
down €34,797 (-23.0%), from €151,271 to €116,475
- Reserves -€16,660
down €16,660 (-100.0%), from €16,660 to €0
- Profit (loss) carried forward -€9,788
new in 2025: -€9,788
- Depreciation +€2,996
up €2,996 (+29.8%), from €10,063 to €13,058
- Financial charges -€1,286
down €1,286 (-15.5%), from €8,304 to €7,018
- Gross operating margin +€990
up €990 (+15.5%), from -€6,391 to -€5,401
- Staff costs +€206
new in 2025: €206
- Financial income +€101
up €101 (+251300.0%), from €0 to €101
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,851 | €338,135 | +€10,284 | +3.1% |
| Fixed assets | 21/28 | €47,885 | €53,573 | +€5,688 | +11.9% |
| Intangible fixed assets | 21 | €41,641 | €44,260 | +€2,619 | +6.3% |
| Tangible fixed assets | 22/27 | €3,514 | €6,583 | +€3,069 | +87.3% |
| Plant, machinery and equipment | 23 | €3,514 | €4,656 | +€1,142 | +32.5% |
| Furniture and vehicles | 24 | - | €1,927 | +€1,927 | |
| Financial fixed assets | 28 | €2,730 | €2,730 | = | 0.0% |
| Current assets | 29/58 | €279,966 | €284,562 | +€4,596 | +1.6% |
| Stocks and contracts in progress | 3 | €200,270 | €199,646 | -€624 | -0.3% |
| Stocks | 30/36 | €200,270 | €199,646 | -€624 | -0.3% |
| Amounts receivable within one year | 40/41 | €46,083 | €43,736 | -€2,347 | -5.1% |
| Trade receivables | 40 | €41,083 | €34,405 | -€6,678 | -16.3% |
| Other amounts receivable | 41 | €5,000 | €9,331 | +€4,331 | +86.6% |
| Cash at bank and in hand | 54/58 | €14,288 | €25,197 | +€10,909 | +76.3% |
| Deferred charges and accrued income | 490/1 | €19,325 | €15,983 | -€3,342 | -17.3% |
| Total equity and liabilities | 10/49 | €327,851 | €338,135 | +€10,284 | +3.1% |
| Equity | 10/15 | €22,862 | -€3,585 | -€26,447 | |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €16,660 | €0 | -€16,660 | -100.0% |
| Distributable reserves | 133 | €16,660 | €0 | -€16,660 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€9,788 | -€9,788 | |
| Amounts payable | 17/49 | €304,989 | €341,720 | +€36,731 | +12.0% |
| Amounts payable within one year | 42/48 | €304,989 | €341,299 | +€36,310 | +11.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €151,271 | €116,475 | -€34,797 | -23.0% |
| Suppliers | 440/4 | €151,271 | €116,475 | -€34,797 | -23.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,718 | €99,824 | +€71,106 | +247.6% |
| Accrued charges and deferred income | 492/3 | €0 | €421 | +€421 | |
| Remuneration, social security and pensions | 62 | - | €206 | +€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,063 | €13,058 | +€2,996 | +29.8% |
| Other operating charges | 640/8 | €930 | €865 | -€65 | -7.0% |
| Gross operating margin | 9900 | -€6,391 | -€5,401 | +€990 | +15.5% |
| Operating profit (loss) | 9901 | -€17,383 | -€19,530 | -€2,147 | -12.4% |
| Financial income | 75/76B | €0 | €101 | +€101 | +251300.0% |
| Recurring financial income | 75 | €0 | €101 | +€101 | +251300.0% |
| Financial charges | 65/66B | €8,304 | €7,018 | -€1,286 | -15.5% |
| Recurring financial charges | 65 | €8,304 | €7,018 | -€1,286 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,687 | -€26,447 | -€760 | -3.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,687 | -€26,447 | -€760 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,687 | -€26,447 | -€760 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.